The disagreement centres around whether satellite broadband spectrum should be auctioned or administratively allocated in India

Elon musk, musk, Elon, Mukesh Ambani, Ambani

Stock Market Today: Bears took the reins on the D-Street as 21 out of 30 constituent stocks of BSE Sensex ended in red, dragged by Bajaj Finance, Reliance Industries, and Tata Steel

stock market, BSE

Trudeau highlighted ongoing tensions between the two nations and stressed the importance of an upcoming meeting between their national security advisors

Justin Trudeau, Canada PM

The Delhi government has identified multiple sites across the city for Durga idol immersion to ensure safe and coordinated process for the devotees.
In compliance with environmental regulations, idol immersion in rivers, including the Sahibi River, is strictly prohibited,an official statement said.
The Delhi government announced comprehensive plans for Durga idol immersion. With directives issued to Sub-Divisional Magistrates (SDMs) a month in advance, the government has identified 31 immersion sites across the city, an official statement said.
SDMs will conduct inspections of these sites in collaboration with the concerned departments ensuring that all necessary arrangements are in place, the statement read.
The Delhi government has asked everyone to adhere to the guidelines and maintain cleanliness at the sites.
"In a meeting chaired by the Additional District Magistrate (ADM) of West Delhi on October 10, the Delhi government outlined comprehensive plans for Durga Pooja idol ...

Durga Puja

An Indian shipping firm is among the dozen-odd companies sanctioned by the US for allegedly carrying Iranian oil for sale to buyers in Asia days after slapping restrictions targetting Iran's energy trade for its October 1 attack on Israel.
Gabbaro Ship Services, the India-based company, was involved in the transport of Iranian petroleum as the technical manager of crude oil tanker Hornet and knowingly engaged in a significant transaction for the transport of petroleum from Iran as part of a 'Ghost Fleet', the State Department alleged.
The latest American sanctions against several companies across the world comes in response to Iran's October 1 ballistic missile attack against Israel.
This attack targeted Israel's most populated city, Tel Aviv, and could have killed hundreds if not thousands of innocent people, US National Security Advisor Jake Sullivan said.
Following that attack, the US had made it clear that Iran would face severe consequences, he said, and added, the Departments

Oil refinery, Oil production, Crude oil

The powerful sister of North Korean leader Kim Jong Un on Saturday accused South Korea of deliberately avoiding responsibility for the alleged flights of South Korean drones over the North's capital, and warned of a terrible calamity if they continue.
The statement by Kim Yo Jong came a day after North Korea's Foreign Ministry claimed that South Korean drones carrying anti-North Korean propaganda leaflets were detected in the night skies over Pyongyang on October 3, and Wednesday and Thursday this week.
The ministry said North Korean forces will prepare all means of attack capable of destroying the southern side of the border and the South Korean military, and respond without warning if South Korean drones are detected in its territory again.
South Korea's defence minister initially denied the accusation, but the South's military later adjusted its response, saying it couldn't confirm whether or not the North's claims were true.
In comments published through state media, Kim, one o

Kim Yo Jong

New communication continues the trend of baseless assertions, which seem to be part of a deliberate strategy to smear India for political gains, says the Ministry of External Affairs

Trudeau, Justin Trudeau, Canada PM

Textile manufacturer Alok Industries on Monday said its consolidated net loss widened to Rs 262.10 crore for the second quarter ended September 2024.
The company had posted a net loss of Rs 174.83 crore in the July-September period a year ago, according to a regulatory filing from Alok Industries, jointly owned by Reliance Industries and JM Financial Asset Reconstruction.
Its revenue from operation fell 35.46 per cent to Rs 885.66 crore during the period under review. It was Rs 1,372.34 crore in the corresponding period a year ago.
The total expenses in the September quarter declined 25.45 per cent to Rs 1,160.63
Alok Industries' total income, including other income, was down 34.97 per cent to Rs 898.78 crore in the September quarter.
Reliance Industries owns a 40.01 per cent stake and 34.99 per cent by JM Financial Asset Reconstruction Company in Alok Industries, which operates in-home textiles, cotton yarn, apparel fabric, garments, and polyester yarn.
Shares of  Alok Industrie

textile industry, company, MSMEs, jobs, employment

The government on Sunday imposed import curbs on parts of pocket lighters with immediate effect, a move which would help encourage domestic manufacturing and cut dependence on their inbound shipments from China.
"Import of parts of pocket lighters, gas fuelled, non-refillable or refillable lighters (cigarette lighters)... is restricted with immediate effect," the directorate general of foreign trade (DGFT) said in a notification.
Imports of cigarette lighters, priced less than Rs 20, are already prohibited. The import ban is also there on pocket lighters, gas-fuelled, non-refillable or refillable.
Last year, the government also issued mandatory quality standard norms for flame-producing lighters with a view to contain import of sub-standard goods and boost domestic manufacturing.
Items under the quality control orders (QCO), cannot be produced, sold/traded, imported and stocked unless they bear the BIS (Bureau of Indian Standards) mark.
During April-July this fiscal, import of lig

In one rare situation, there is a case for some protectionism against imports from China

Jio aims to provide subscription-based AI services to small businesses across sectors

Artificial intelligence

The volatile geo-political situation should lead to some caution for investors. But given the weakness in global and China demand, these trends could persist

As Brent crude price trades below $70 per barrel, analysts are backing aviation and tyre stocks and are cautious about paints and oil marketing companies (OMCs). “Oil prices are down over  20 per cent from their recent peak and bode well for sectors

Companies embracing AI-led processes globally are experiencing remarkable growth, surpassing their peers with higher revenue growth and greater productivity, according to a report by Accenture.
In India, the percentage of organisations fully modernised with AI has surged from 8 per cent in 2023 to an impressive 25 per cent in 2024, marking a significant leap in operational efficiency and revenue generation, the report said.
The findings are based on a survey of 2,000 executives across 12 countries and 15 industries, including insights from 200 senior executives based in India.
The report, titled "Reinventing Enterprise Operations with Gen AI," highlighted that globally, organisations that have adopted intelligent operations are achieving 2.5 times higher revenue growth and 2.4 times greater productivity than their peers.
This trend underscores the transformative power of Generative AI, which has become a catalyst for innovation across various sectors. Notably, 79 per cent of Indian

Big Tech, artificial intelligence, California AI bill

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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